$2,500,000
$2,500,000
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1.8 Acres Lot
SOLD DATE : 08/01/2016
Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 724028
Sold Date 08/01/16
Lot Size 1.800 Acres
Acres 1.8
Property Description
165 foot frontage on this 1.8 acre site on Highway 98 ideally situated between Destin and Sandestin Resort, with traffic counts of approximately 50,000 per day. Five income producing units with solid tenants and gross income of $140,000. There are three buildings on this parcel one has a total area of 7,900 square feet, another with 4,950 square feet of total area and one with 3,125 square feet of total area. This is part of 6.69 acre site which is also available. Previous development order for the entire 6.89 parcel allowed for 175,000 square feet of retail and commercial. Suitable for hotel/motel, multifamily and residential.
Location
State FL
County Walton
Area 15 - Miramar/Sandestin Resort
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